In financing the infrastructure to support bitcoin, investors such as Draper Associates and Andreessen Horowitz have taken a reasonable approach, investing in blockchain technology rather than buying bitcoin itself.
Over the past year, the value of bitcoin has shot up rapidly. The WSJ cited unnamed sources familiar with the matter, who said that Founders Fund, a venture-capital firm co-founded by Thiel, had invested around $15 million to $20 million, which has grown into hundreds of millions thanks to the cryptocurrency's rise over the past year. In the hours following the release of the Journal report, the cryptocurrency surged upward in price by almost $1,000 after early trading that had already been on a more modest upward trend. That Bitcoin is now worth some hundreds of millions of dollars and is spread across multiple different subsidiary funds held by the firm.
Bulls plan to move Nikola Mirotic, who is 'intrigued' by Jazz
Chicago traded Jimmy Butler and bought out Dwyane Wade's contract in the summer, making Mirotic their No.1 option on offense. And besides, Mirotic still wants out of Chicago so he's likely to go somewhere.
Peter Thiel, via his Founders Fund, has apparently made an sizable bet on the rising value of Bitcoin.
The confirmation of Thiel's hand in Bitcoin is perhaps ultimately unsurprising, as the venture capitalist commented back in the fall that "If bitcoin ends up being the cyber-equivalent of gold it has a great potential left".
Bitcoin rose above its $15,000 plateau, despite spending much of Monday below US$13,000. We know Thiel has been a bitcoin fan for a good while now, but you would think he'd have expanded his tastes a bit since in the past few years.
Cindy Crawford re-creates iconic Super Bowl ad for Pepsi 26 years later
And now, 26 years later, Cindy has recreated the ad, but this time with her teenage boy (how cool?). Crawford plans to attend the Super Bowl in Minneapolis , where her father lives.
Bitcoin peaked in mid-December at $19,800 but dropped by more than one-third to $12,500 right before Christmas.
In today's trading, the Bitcoin price stood at $14,997.40, as of 11:41 GMT.
UConn places 4 among midseason Wooden Award candidates
The ten-man Wooden Award All-American Team will be announced the week of the "Elite Eight" round of the NCAA Tournament. Kansas senior guard Devonte Graham is also on the midseason list, which is topped by Oklahoma freshman guard Trae Young.